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Research

Disclaimer: All information on this section is of a general nature.
Before making any investment decision, you should consult your adviser.

Daily Resources Overview

 

Gold and silver prices aremoderately lower in early-afternoon U.S. trading Monday. A higher U.S. dollarindex early this week that hit a seven-week high today is a bearish“outside market” force working against the precious metals markets. April goldfutures were last down $7.60 an ounce at $1,310.90. March Comexsilver was last down $0.129 at $15.68 an ounce.

The other key outside market today wasalso in a bearish posture for the metals, as Nymex crude oilprices are weaker and trading just above $52.00 a barrel.

The world marketplace continues in agenerally upbeat mood, with no serious geopolitical events at present thatwould create anxiety. Remember, however, that history showsgeopolitical calm can be quickly and unexpectedly interrupted.

Focus of the marketplace early thisweek is on U.S.-China high-level trade talks taking place in Beijing.U.S. Treasury Secretary Mnuchin and U.S. Trade Representative Lighthizer willattend the talks, likely to take place with them present later this week. Manytraders and investors are upbeat that a deal can be reached by the March 1deadline.

The continuing resolution passed byCongress a couple weeks ago expires on Friday, with the U.S.government set for another partial shutdown in the Democrats and PresidentTrump cannot come to agreement on a budget plan. Another shutdown would bebearish for the U.S. stock market and probably mildly bullish for thesafe-haven metals.


 
12/02/2019 9:00:00 AM

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